Idrisu
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April 17, 2019, 06:39:31 AM |
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Given £40,000 for charity is really a great help to humanity. I really have interest in this and this is because even if one lose there is a probability that the gain from the raffle tickets can be use to help humanity. This is great please keep it up.
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StarofBTC
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April 17, 2019, 02:59:27 PM |
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Jesus Christ that is really good to hear, dude looks like a legit person and have done this before so he is both trustworthy but on top of that also experienced in these sort of things.
There are few difference of course, I think the house was already there when raffle was made for the first time so we can consider it as a guaranteed prize for sure because the prize is already there, however on this one lambo will be bought from the profits made by the ticket sales, it is not like there is a lambo out there and you will go get it, the reality is after a winner is decided the lambo will be purchased. It is not impossible of course that is still doable and with the doxing and having done it before I would trust OP more now but its still a sticky situation for sure.
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okala
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April 17, 2019, 03:46:14 PM |
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The price is not Worth your house, you don't have to sell tour home for such a small price and when it comes to gambling you need to carry out adequate research to know when you are about to make a win with your game and consider the odd too and your chances of winning.
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STT
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April 17, 2019, 06:05:15 PM |
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Lots of people have asked is this really legit and I've given my opinion but its based in the UK and not a one off in the idea of lottery of high worth items. It is something possible for people to do in UK and in the news today was the case of a lottery for a Castle. https://www.bbc.co.uk/news/amp/uk-scotland-south-scotland-47953542This particular lottery didnt turn out to be successful, they didnt sell enough tickets. Today a regulator, for advertising in this case gave a warning or 'thumbs down' to the running of the campaign for ending with a cash prize instead of the castle itself. Of course if the tickets dont sell this is whats going to happen and similarly I expect the same for the car or any house, etc. The only real question to me is the maths of it, what odds to return is there and is that ok. There could be a giant premium on the payout or it could be perfectly fair, thats the fine print that I guess people dont like. I do hope enough tickets sell and I already said I think this is a fair enterprise from what I've seen
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AmoreJaz
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April 17, 2019, 09:00:47 PM |
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Lots of people have asked is this really legit and I've given my opinion but its based in the UK and not a one off in the idea of lottery of high worth items. It is something possible for people to do in UK and in the news today was the case of a lottery for a Castle. https://www.bbc.co.uk/news/amp/uk-scotland-south-scotland-47953542This particular lottery didnt turn out to be successful, they didnt sell enough tickets. Today a regulator, for advertising in this case gave a warning or 'thumbs down' to the running of the campaign for ending with a cash prize instead of the castle itself. Of course if the tickets dont sell this is whats going to happen and similarly I expect the same for the car or any house, etc. The only real question to me is the maths of it, what odds to return is there and is that ok. There could be a giant premium on the payout or it could be perfectly fair, thats the fine print that I guess people dont like. I do hope enough tickets sell and I already said I think this is a fair enterprise from what I've seen this type of lottery has always drawback. they wont implement the lottery reward unless they received the amount more than its expected value. they wont do a thing for free..
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adaseb
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April 17, 2019, 09:50:19 PM |
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This lottery would of been better if it was powered by a smart contract on a network such as ETH.
Because given some of the responses here, there are a few issues.
First issue is trust. Can we trust our Bitcoins with the lotto organizer and hope he doesn't run off with our coins? He doxxed himself and there is a news article with a photo of him pictured. However, how do we know its the same individual. Billions of people on the planet that look similar.
Second issue is sale volume of tickets. What if there is only 50% tickets sold? Is the contest cancelled? Or is there a winner announced which gets something worth 50% of a Lambo, like a Mercedes or Land Rover instead.
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Shinpako09
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April 17, 2019, 10:23:53 PM |
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This lottery would of been better if it was powered by a smart contract on a network such as ETH.
Because given some of the responses here, there are a few issues.
First issue is trust. Can we trust our Bitcoins with the lotto organizer and hope he doesn't run off with our coins? He doxxed himself and there is a news article with a photo of him pictured. However, how do we know its the same individual. Billions of people on the planet that look similar.
Second issue is sale volume of tickets. What if there is only 50% tickets sold? Is the contest cancelled? Or is there a winner announced which gets something worth 50% of a Lambo, like a Mercedes or Land Rover instead.
It's possible for him that he won't get the volume of tickets needed because of trust issue. So such suggestion is very good. Just get a car that match the amount of tickets sold rather than canceling it, only if this is really legit. Even I as a gambler known for being a risk taker is hesitating because of legitimacy.
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Yarex
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April 23, 2019, 09:40:40 PM |
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This lottery would of been better if it was powered by a smart contract on a network such as ETH.
Because given some of the responses here, there are a few issues.
First issue is trust. Can we trust our Bitcoins with the lotto organizer and hope he doesn't run off with our coins? He doxxed himself and there is a news article with a photo of him pictured. However, how do we know its the same individual. Billions of people on the planet that look similar.
Second issue is sale volume of tickets. What if there is only 50% tickets sold? Is the contest cancelled? Or is there a winner announced which gets something worth 50% of a Lambo, like a Mercedes or Land Rover instead.
You came up with a good idea - to organize a lottery based on a smart contract. I think it makes sense, because many people, like me, are afraid that the raffle will not be fair and we will only lose our money.
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Lanatsa
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April 23, 2019, 09:55:24 PM |
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This lottery would of been better if it was powered by a smart contract on a network such as ETH.
Because given some of the responses here, there are a few issues.
First issue is trust. Can we trust our Bitcoins with the lotto organizer and hope he doesn't run off with our coins? He doxxed himself and there is a news article with a photo of him pictured. However, how do we know its the same individual. Billions of people on the planet that look similar.
Second issue is sale volume of tickets. What if there is only 50% tickets sold? Is the contest cancelled? Or is there a winner announced which gets something worth 50% of a Lambo, like a Mercedes or Land Rover instead.
It's possible for him that he won't get the volume of tickets needed because of trust issue. So such suggestion is very good. Just get a car that match the amount of tickets sold rather than canceling it, only if this is really legit. Even I as a gambler known for being a risk taker is hesitating because of legitimacy. No one would buy this out due to trust issues thats why i fully agree with the suggestion above about smart contract rather than on canceling the draw it would be better if it would be minimize the prize according on the money/tickets being accumulated. 0.00056 wont really be that big but people would still have that hesitance on sending out that satoshis. Lambo prize is quite catchy but wont really be that enough to lure in people.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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STT
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April 23, 2019, 10:57:43 PM Last edit: April 23, 2019, 11:35:28 PM by STT |
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this type of lottery has always drawback. they wont implement the lottery reward unless they received the amount more than its expected value. they wont do a thing for free..
This seems alot like life, nothing is for free unless you believe that song ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) They dont have to do it for free, it'll give some profit and thats ok as people accept the risk. Even if it were cash it'd be relative to the ratio of tickets sold, my only point really was whats the maths of the payout to tickets sold ratio how do we know its the same individual. Billions of people on the planet that look similar. haha, it could be a twin brother. An evil genius twin brother schemes to run a very similar project but not follow through like the original and better half did. He should post more then one selfie I reckon yea, a bit of an update cannot do any harm for encouraging further sales. Anyone with any real doubt can maybe get someone more local to the ticket lotto to enter manually and get some assurance that way. The BTC payment is only going to be changed into that ticket route anyway I guess
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Yarex
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April 24, 2019, 08:13:28 PM |
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Anyone with any real doubt can maybe get someone more local to the ticket lotto to enter manually and get some assurance that way. The BTC payment is only going to be changed into that ticket route anyway I guess
I have big doubts that such a lottery can be carried out honestly. Otherwise, I would have already agreed to take part in it. At stake will be a very large sum of money, the organizers to refrain from deception will be very difficult.
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rdbase
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April 24, 2019, 08:27:19 PM |
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Anyone with any real doubt can maybe get someone more local to the ticket lotto to enter manually and get some assurance that way. The BTC payment is only going to be changed into that ticket route anyway I guess
I have big doubts that such a lottery can be carried out honestly. Otherwise, I would have already agreed to take part in it. At stake will be a very large sum of money, the organizers to refrain from deception will be very difficult. This is what it comes down to. Trusting in the individual who is carrying out the raffle and can prove they are actually going to payout the grand prize once they have collected enough money to cover the costs of it in the first place. You did say if they put some kind of binding law as part of a smart contract then it would be easier to decide whether you would take part in the draw. Many hospitals hold such raffles and give away large expensive homes, trips and very expensive cars as the prizes. But nobody denies their reliability to payout the winners at the end because they are doing in part of a lottery corporation. So they are liable if there is any dispute in the conduct of their raffles.
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Twinkledoe
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April 24, 2019, 08:53:28 PM |
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this type of lottery has always drawback. they wont implement the lottery reward unless they received the amount more than its expected value. they wont do a thing for free..
This seems alot like life, nothing is for free unless you believe that song ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) They dont have to do it for free, it'll give some profit and thats ok as people accept the risk. Even if it were cash it'd be relative to the ratio of tickets sold, my only point really was whats the maths of the payout to tickets sold ratio how do we know its the same individual. Billions of people on the planet that look similar. haha, it could be a twin brother. An evil genius twin brother schemes to run a very similar project but not follow through like the original and better half did. He should post more then one selfie I reckon yea, a bit of an update cannot do any harm for encouraging further sales. Anyone with any real doubt can maybe get someone more local to the ticket lotto to enter manually and get some assurance that way. The BTC payment is only going to be changed into that ticket route anyway I guess Where is the OP now? Haven't visited this thread again to give us progress of this lambo lottery. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Or he is already counting the collected satoshis here, if there's any? The person running the lottery seems legit but he needs to be more visible in this community.
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kurian
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April 24, 2019, 09:09:49 PM |
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This guy looks genuine. But, being a newbie on this forum, I guess it is difficult to raise a big amount of money. Is there any way to see how much money he raised so far from this raffle?
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rammy2k2
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April 24, 2019, 09:46:00 PM |
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As a new user on this forum, and no trust or past trades or so, u cannot succeed with this one, unless you put the prize in a reputable escrow service , my opinion
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STT
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April 25, 2019, 01:16:08 AM |
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The point is the competition exists outside of this forum and he was just advertising the secondary route of allowing BTC payments. I hate to say it but that doesnt really require him to be a long term member of the forum or engage escrow especially, it'd be nice sure but theres a ton of operations existing outside this forum that will never really be justified here exactly. It could also be the competition is legitimate and regulated elsewhere and its possible to check that. Im not going to be buying a hundred tickets so to the small extent I participate I'm convinced enough its an ok scheme
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adaseb
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April 25, 2019, 07:11:45 AM |
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Raffles are always hit and miss. Basically whenever you buy some ticket for a raffle somewhere physically like buying some tickets which proceeds go towards some charity where you can win a car or house or TV, how do you know those are fair?
I basically never bought any of those tickets before because I honestly believe that the winner is some friend or family members to the organization that started the raffle in the first place. Impossible to predict whether its fair or not.
But with Crypto and Provably fair and Smart contracts, its possible for the lottery to be 100% fair and verifiable. Basically like the popular saying goes "Don't trust, verify!".
Hence I think the OP should just do this raffle on a smart contract, most likely ETH, hire some audit company to check the code and this way everybody is sure the raffle won't be a fraud.
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Duzter
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April 25, 2019, 03:17:22 PM |
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The raffle contest is good and the same being done for a cause is really great thinking. The raffle is perfectly legit and will get good number of participants. A Lamborghini for just 0.00056 is really good way of trying our luck. All the best for all the participants.
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el kaka22
Legendary
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www.Crypto.Games: Multiple coins, multiple games
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April 25, 2019, 05:57:08 PM |
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I think blockchain could resolve that uncertainty, all people who buy a ticket could be attributed with some sort of seed or a code or something and at the exact date whenever the whole money is collected it could be picked at random by that blockchain as well.
I don't really know blockchain in tech that well to actually come up with something like that but I am sure there are people out there that can build a lottery blockchain like that which would really make all the lottery thing provably fair as well and that way we would know nobody really gives it to someone they know and it would be trustless as well like blockchain is.
I think this person could be true though because he has done it before and since he would be making money from this he has no reason to scam anyone.
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r1a2y3m4
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Match365> be a part of 150BTC inviting bonus
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April 25, 2019, 06:16:03 PM |
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Ok so granting that I won the Lambo, so how is it going to be shipped to my door step? I tried to read the rules and I checked that the promoters will shoulder up to 10,000 Euros only or equal to 11,300 USD for the expenses but how much will it cost to ship that Lambo from Europe to my country which is the Philippines. I hope its convertible to cash.
They will support the shipping of Lambo to your country if I read it correctly. They will shoulder all the expenses. The raffle is perfectly legit
How can you make sure? Do you have a backer for this? The account on the conductor of raffle is newbie and what if he's just using the face of that guy for this?
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